Best Broker Backed Prop Firms

DNA Funded is our top pick for broker-backed prop firms due to its partnership with DNA Markets, providing institutional-grade trading conditions like spreads starting at 0 pips. With account sizes up to $200,000, flexible challenges, and profit splits reaching 90%, it caters to traders of all levels. Add-ons such as faster payouts and upgraded splits enhance earning potential, making it an ideal choice for reliable and cost-effective prop trading.

DNA Funded is a new prop trading firm that stands out for its competitive fees, extensive market access, and strong partnership with DNA Markets, an ASIC-regulated forex broker. This collaboration ensures tight spreads, fast execution speeds, and added reliability in a largely unregulated prop trading industry.

With profit splits ranging from 80% to 90% and account sizes up to $200,000, DNA Funded caters to both novice and experienced traders through flexible challenge options and tailored add-ons for increased payouts and profit shares.

Broker Partnership

DNA Funded’s backing by DNA Markets adds a layer of trust for traders. DNA Markets is a reputable forex broker regulated by ASIC, providing transparent trading conditions, ultra-tight spreads starting at 0 pips, and reliable execution. This partnership enables DNA Funded to offer institutional-grade trading conditions, giving traders confidence that their trades are executed efficiently and without hidden costs. By partnering with a broker that has built a strong reputation, DNA Funded positions itself as a dependable choice for traders.

Challenges and Evaluation Process

DNA Funded provides three distinct challenges, catering to different trading styles and levels of experience:

• Single Helix Challenge: A straightforward one-step process with a 10% profit target, unlimited trading days, and a 5% maximum daily drawdown. This relaxed structure suits traders focusing on long-term strategies like swing or position trading.
• Double Helix Challenge: A two-step evaluation requiring a 10% profit target in Phase 1 and 5% in Phase 2. It offers more structure with slightly stricter drawdown rules (6% daily in Phase 1) but no time limit, making it ideal for systematic day traders.
• Rapid Challenge: Designed for experienced traders, this single-step challenge has a 5% profit target to be achieved within 10 days. With a stricter 4% daily drawdown and no cryptocurrency trading, this challenge is best suited for scalpers and high-frequency traders.

Add-ons allow traders to enhance their challenge with options like faster payouts (7 days instead of 14) or an upgraded profit split of 90%.

It’s important to be aware of the new 40 percent daily profit cap, which means only 40 percent of your payout target can be counted from profits made on any single day. For example, if your target is $10,000, no more than $4,000 can come from one day’s trading. This rule applies across all challenges and was introduced to align DNA Funded with compliance standards expected of broker-backed firms like those regulated under ASIC.

Spreads and Commission Fees

DNA Funded offers highly competitive trading costs through its partnership with DNA Markets. Spreads start from 0 pips for major forex pairs such as EUR/USD, ensuring cost efficiency for both high-frequency traders and those trading larger positions. Commissions are charged at $5 per round trip ($2.50 per side), keeping overall costs transparent and low.

This low-cost structure is particularly advantageous for traders using strategies requiring frequent entries and exits, as reduced fees directly improve profitability.

Financial Markets and Leverage

Traders can access over 800 financial markets, including forex, commodities, indices, stocks, and cryptocurrencies (except in the Pro Challenge). The range of markets offered makes DNA Funded a versatile option for traders across asset classes.

Leverage depends on the chosen challenge type, with the Double Helix offering up to 50:1 on forex trading. The Single Helix and Rapid Challenge provide a more conservative 30:1 leverage, suitable for traders prioritizing risk control. Other markets, including commodities and indices have leverage set at 10:1, and stock markets 5:1. while crypto is capped at 2:1.

This structured approach to leverage ensures traders have enough flexibility while mitigating excessive risks, appealing to both aggressive and conservative trading styles.

Trading Platforms and Rules

DNA Funded provides access to TradeLocker Integrated with TradingView. TradeLocker offers advanced charting tools, customizable indicators, and on-chart trading. Its intuitive interface and reliable performance make it ideal for manual traders and those relying heavily on technical analysis.

Trading rules are designed to maintain fairness and discipline. Automated trading is not allowed and the platform is not compatible with EAs.

Copy trading is limited to personal accounts, and news trading is permitted with restrictions around high-impact events. Weekend trading is also allowed, adding flexibility for traders with longer-term strategies.

Payments and Payouts

DNA Funded offers traders a standard 14-day payout cycle with an 80% profit split. For those seeking faster access to their profits, an add-on is available to reduce the payout cycle to 7 days. The profit split can also be upgraded to 90%, providing a more favorable earnings structure.

Challenge fees can be paid via cryptocurrency or bank transfer, ensuring accessibility for a wide range of traders. A small 1% fee applies to crypto payments, while bank transfers incur a flat $50 fee. These transparent payment options, combined with flexible payout structures, provide a streamlined process for managing funds.

Customer Support and Education

As a newly launched prop firm, DNA Funded currently offers basic customer support through email. While the current focus is on providing reliable trading conditions, the firm is expected to expand its support channels, potentially adding live chat or phone support as it grows.

Educational resources are minimal at this stage, limited to FAQs, but DNA Funded has plans to develop more comprehensive guides, webinars, and tutorials to assist traders at all levels.

Verdict on DNA Funded

DNA Funded combines competitive fees, extensive market access, and a strong broker partnership to create an appealing option for traders seeking a reliable prop firm. With flexible challenge structures, low trading costs, and the potential to scale earnings through profit split upgrades, it caters to a variety of trading styles.

While still in its early stages, DNA Funded’s foundation is strong, and its backing by DNA Markets adds credibility. For traders looking for a blend of trust, cost efficiency, and growth potential, DNA Funded is an excellent choice.

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Blueberry Funded is the 2nd best broker backed prop firm on our list, thanks to its ultra-low fees starting from $32.50, access to over 1,100+ markets, and new support for stock prop trading. It’s backed by Blueberry Markets, an ASIC-regulated broker, and offers four challenge types, a scaling plan up to $2 million, and profit splits up to 90%. With raw spreads from 0.1 pips, it’s ideal for traders seeking low-cost access to funded accounts.

Use Blueberry Funded discount code, PROPFIRMS20, to get 20% off your challenge fees!

Blueberry Funded scored 93/100 during testing, and took 2nd place in our rankings of the best broker backed prop firm. The firm stands out for its low-cost challenge options, broad market access, and structured evaluation types that suit a range of trading styles.

Account sizes range from $5,000 to $200,000, and traders can choose between the 1 Step, 2 Step, Rapid, or dedicated Stock Challenge. With spreads from 0.1 pips and a $7 flat commission for FX, it’s one of the most cost-efficient broker-backed firms available.

Broker Partnership

Blueberry Funded is backed by Blueberry Markets, an ASIC-regulated forex broker that offers low spreads and reliable execution. This backing gives traders added confidence in the quality of market access, execution speed, and transparency.

This year, Blueberry Funded also became a founding member of The Prop Association, a self-regulatory body that promotes fairness, certification standards, and external dispute resolution in the prop trading industry.

Challenges and Evaluation Process

Blueberry Funded offers four evaluation types:

• One Step Challenge: A one-phase evaluation with a 10% profit target and 6% max drawdown. No time limit.
• Two Step Challenge: A two-phase process with 10% (Phase 1) and 5% (Phase 2) targets, and a higher 10% drawdown.
• Rapid Challenge: A 7-day challenge with a 5% target and trailing 4% drawdown.
• Stock Challenge: A two-phase evaluation for US equities with a consistency rule and a 10%/6% profit target.

Each challenge supports account sizes from $5,000 to $200,000 (up to $100,000 for stocks). All evaluations require three active trading days per phase (except Rapid), and allow weekend trading.

Scaling Plan

Accounts can scale by 25% every three months up to $2 million if you meet:

10% net profit

Four payouts within the period

Spreads and Commission Fees

Blueberry Funded keeps trading costs low with raw spreads and simple, fixed commissions.

Forex spreads start from 0.1 pips on major pairs like AUD/USD and EUR/USD, while GBP/USD averages 0.2 pips. These tight spreads make the platform ideal for scalping and high-frequency trading. Less competitive pairs such as USD/JPY and USD/CAD come in higher, at around 0.6 and 1.2 pips respectively.

All forex and gold trades carry a flat $7 round-turn commission, $3.50 per side. This consistent rate keeps costs predictable across challenge types.

Stock trades are only available via the Stock Challenge and come with a $2 round-turn commission. Meanwhile, crypto, indices, and non-gold commodities are commission-free, helping reduce overhead for multi-asset traders.

This straightforward pricing structure, paired with raw spreads, makes Blueberry Funded one of the most cost-effective prop firms for active traders.

Financial Markets and Leverage

Blueberry Funded gives traders access to over 1,100 financial instruments, including forex, indices, commodities, cryptocurrencies, and US stocks.

• Forex: 45 pairs with up to 1:50 leverage (2 Step) or 1:30 (1 Step and Rapid)
• Indices: 14 major markets like SPX500, NASDAQ100, and GER30 with 1:10 leverage
• Commodities: 17 assets including gold, silver, and crude oil, also with 1:10 leverage
• Cryptocurrencies: 52 pairs including BTC/USD and ETH/USD, tradable 24/7 with 1:2 leverage
• Stocks: 1,000+ US equities offered exclusively through the Stock Challenge, with 1:10 leverage

This asset diversity, especially the addition of stocks and altcoins, makes Blueberry Funded one of the most versatile broker-backed prop firms on the market. Combined with clear leverage limits and no commissions on most non-forex trades, it’s well suited for traders who want both range and transparency.

Trading Platforms and Rules

Blueberry Funded supports four platforms:

• MT4 and MT5 (EA trading and advanced tools)
• DXTrade (basic browser platform)
• TradeLocker (fast, TradingView-style web terminal)

Stock trading is only available on MT5 and TradeLocker.

In terms of trading rules:

• EAs and weekend trading allowed
• No high-impact news trading (2-min blackout window)
• Copy trading only allowed on personal accounts
• No arbitrage, HFT, or data feed manipulation
• Consistency Rule only applies to Stock Challenge withdrawals

Payments and Payouts

Blueberry Funded offers bi-weekly payouts with profit splits starting at 80% and upgradeable to 90%. Payment methods include cryptocurrencies and credit cards, though options like e-wallets are not yet available.

Challenge fees can be paid using Bitcoin, stablecoins, or Visa/Mastercard. Profit withdrawals are processed efficiently through RiseWorks, typically within 1–2 business days, ensuring timely access to earnings.

Customer Support and Education

Support is available 24/5 via live chat and email. The FAQ section is comprehensive, and traders can also join a 27,000+ member Discord community.

Educational content is limited to YouTube and Discord discussions. There are no structured tutorials or learning modules, which may be a drawback for newer traders.

Verdict on Blueberry Funded

Blueberry Funded is a low-cost, broker-backed prop firm with excellent market access, tight spreads, and stock trading support. The four challenge types, clear scaling plan, and ASIC-regulated backing make it ideal for traders wanting flexible funded accounts with low fees.

Its 93/100 score and second-place ranking reflect strong performance across challenges, markets, and pricing – especially for cost-conscious traders seeking variety in assets and platforms.

Blueberry Funded ReviewVisit Blueberry Funded

FundedNext is the best prop firm for forex with broker backing, thanks to its recent launch of FNmarkets giving traders direct access to in-house execution and pricing. You can choose from three challenge models, all offering profit splits up to 95%, with options for faster payouts and swap-free accounts. Their low-cost Stellar Lite challenge starts from just $32 and includes a two-step path with bi-weekly payouts.

FundedNext also includes a 15% profit share during the challenge (Stellar models only), making it the only broker-backed firm to pay traders before funding.

FundedNext ranks 3rd in our list of the best broker-backed prop firms with a score of 92/100. It’s now powered by its own brokerage, FNmarkets, launched in 2025. With three challenge types, a 95% profit share, and a massive community of over 200K traders on Discord, FundedNext offers strong support for beginners and pros alike. Add-ons like No Minimum Trading Days and 10% max loss unlock even more flexibility.

Broker Partnership

FundedNext became a broker-backed prop firm in 2025 with the launch of FNmarkets, its own brokerage. This move gives the firm full control over pricing, execution, and payouts, removing the need to rely on external brokers.

By managing its own trading infrastructure, FundedNext can offer more consistent conditions and faster response times. The prop firm has also built a strong reputation for transparency and trader support, which helps reinforce trust despite prop trading being an unregulated space.

Challenges and Evaluation Process

FundedNext offers three main challenge types:

1. Stellar One Step: Single-phase challenge with a 10% target, 3% daily loss, and 6% total loss. Includes a 15% payout during the challenge.
2. Stellar Two Step: Two-phase challenge with 8% and 5% targets, and higher 5%/10% drawdown. Also pays 15% during challenge.
3. Stellar Lite: Two-phase, low-cost model with 8% and 4% targets, 4%/8% drawdowns, and no challenge-phase payouts.

Each model supports different add-ons such as 10% max loss, bi-weekly payouts, and swap-free accounts. The minimum number of trading days is 2–5 depending on the challenge, but you can remove this with the “No Minimum Trading Days” add-on.

Spreads and Commission Fees

FundedNext now runs all pricing through FNmarkets. ECN accounts start with raw spreads from 0.0 pips and commissions of $5 per lot (Stellar) or $7 per lot (Stellar Lite). There are no commissions on indices or crypto.

Financial Markets and Leverage

FundedNext provides access to 83 CFD instruments across forex, indices, commodities, and cryptocurrencies. You can trade 50 currency pairs, 18 major indices, 5 core commodities like gold and oil, and 10 leading cryptocurrencies including BTC and ETH.

Leverage varies by asset class and challenge type:

• Forex (Stellar Two Step and Stellar Lite) – 100:1
• Forex (Stellar One Step) – 30:1
• Indices –  10:1 across all models
• Commodities – 10:1 across all models
• Cryptocurrencies – 2:1 across all models

Trading Platforms and Rules

FundedNext supports four platforms with MT4, MT5, cTrader, and Match-Trade, available across desktop, mobile, and web. MT4 and MT5 are free to use, while cTrader and Match-Trader require a $25 add-on and are restricted for higher-tier accounts above $100,000.

You are allowed to use EAs on MT4 and MT5, copy trades between their own accounts, hold trades over weekends, and trade during news events.

However, profits from news-related trades are capped at 40% in the funded phase. Prohibited strategies include arbitrage, high-frequency trading, tick scalping, and hedging across multiple accounts. These rules are in place to promote fair trading and consistent execution across all strategies.

Payments and Payouts

FundedNext offers up to 95% profit splits, with 15% payouts during the challenge phase on Stellar One and Two Step models. Payouts are processed every five business days or bi-weekly, with a $20 minimum withdrawal via Deel or crypto. Optional add-ons let you unlock faster payouts and higher loss limits after funding.

Customer Support and Education

Support is available 24/7 via live chat and email. The trader dashboard includes an economic calendar, psychology tools, and setup guides. Funded traders also gain access to priority support.

Educational materials are available through the dashboard and YouTube, but there’s no formal course content or academy.

Verdict on FundedNext

FundedNext is a top-tier broker-backed firm offering high profit splits, flexible challenge formats, and fast payouts. Its shift to FNmarkets improves execution quality and pricing transparency, while optional add-ons let traders customise challenges to match their style.

Whether you’re after cost-effective access or scaling opportunities, FundedNext provides one of the most trader-focused setups available in 2025.

IC Funded offers raw spreads starting at 0 pips and commissions as low as $3.50, ensuring some of the best trading costs in the industry. Partnering with IC Markets, the firm benefits from its regulated, high-liquidity infrastructure. With account sizes up to $500,000 and a profit split rising to 80%, IC Funded is the cheapest prop firm based on our testing.

IC Funded is popular broker backed prop firm offering funded accounts through a straightforward two-phase evaluation process. Account sizes range from $5,000 to $500,000, with challenge fees starting at just $49.

The prop firm provides competitive trading conditions, including spreads from 0 pips and transparent commission fees. With profit splits beginning at 75% and increasing to 80% after the first month, IC Funded caters to traders who prioritise low costs and professional trading infrastructure.

Broker Partnership

IC Funded benefits from its partnership with IC Markets, one of the most reputable brokers in the industry. IC Markets is regulated by ASIC and known for offering raw spreads, high liquidity, and reliable execution speeds.

This backing ensures IC Funded traders access trading conditions that match institutional standards. With IC Markets’ infrastructure, IC Funded provides tight spreads, fast execution, and an added layer of trust for traders navigating the prop trading industry.

Challenges and Evaluation Process

IC Funded’s evaluation process is divided into two phases:

• Phase 1 – Evaluation: Traders must achieve a 10% profit target while adhering to a 5% maximum daily loss and a 10% overall drawdown. There is no time limit, allowing traders to progress at their own pace, provided they maintain consistent trading behaviour.
• Phase 2 – Verification: This phase focuses on confirming consistency, with a reduced profit target of 5%. The same risk management rules apply, emphasising disciplined trading practices.

The evaluation process spans seven account levels, from $5,000 to $500,000, with fees ranging from $49 to $2,498. The Level 5 account ($100,000) strikes a balance between affordability and funding potential, making it a popular choice for many traders.

After passing both phases, traders gain access to a funded account with a starting profit split of 75%, increasing to 80% after the first month.

Spreads and Commission Fees

IC Funded offers raw spreads and competitive commission fees, replicating IC Markets’ Global Raw Account. Spreads for forex pairs like EUR/USD start from 0 pips, with an average of just 0.02 pips, making trading costs among the lowest in the industry. Commissions are charged at $3.50 per round trip, applying to forex, commodities, and indices.

This pricing structure is particularly beneficial for traders employing high-frequency strategies or managing larger volumes, as it keeps trading costs transparent and manageable.

Financial Markets and Leverage

IC Funded provides access to 96 financial instruments, covering forex, indices, and commodities. The offering includes 66 forex pairs, five commodities (such as gold and oil), and 25 global indices like AUS200 and US500.

However, cryptocurrency trading is not available, which may limit its appeal to traders focused on digital assets.

Leverage options are tailored to different markets, with up to 50:1 available for forex and gold, and 10:1 for indices and other commodities.

Trading Platforms and Rules

IC Funded supports three platforms, each offering features to suit different trading styles:

1. MetaTrader 4 (MT4): Popular for its user-friendly interface and robust support for automated trading via Expert Advisors (EAs).
2. MetaTrader 5 (MT5): An upgraded version with advanced charting tools, more order types, and multi-threaded backtesting capabilities.
3. cTrader: Focused on precision trading, it offers Level II pricing and customisable charting, making it ideal for advanced traders seeking transparency and control.

IC Funded’s trading rules promote disciplined trading while maintaining flexibility. Automated trading with EAs is allowed, and traders can hold positions during news events or over weekends. However, copy trading and high-frequency trading are prohibited, and accounts inactive for 30 days are automatically closed.

Payments and Payouts

IC Funded provides flexible payment options for challenge fees, including credit cards, cryptocurrencies, and local payment methods in certain regions. Fees are refundable after the first profit share withdrawal, adding value to the overall experience.

Payouts are processed monthly, bi-weekly, or on-demand, depending on trader preference. Profit splits begin at 75% and rise to 80% after the first month. Withdrawal methods include bank transfers, Skrill, and cryptocurrency, ensuring traders have convenient and secure access to their earnings.

Customer Support and Education

IC Funded offers 24/7 customer support through live chat and email, ensuring traders have access to assistance whenever needed. The live chat feature is AI-assisted, providing quick answers to common questions, while human support is available for more complex issues.

Educational resources are accessible through the client dashboard, featuring market analysis videos, tutorials, and insights into global financial trends. These materials are designed to enhance trading skills and keep traders informed about market developments.

Verdict on IC Funded

IC Funded combines cost-effective challenges, competitive trading conditions, and reliable broker backing to create an attractive option for prop traders. The two-phase evaluation process is structured to reward discipline and consistency, while the choice of MT4, MT5, and cTrader ensures traders can use platforms that suit their needs.

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FXIFY Futures is the best broker-backed prop firm for futures trading, offering a one-step evaluation with no time limits. Backed by FXPIG, traders get access to CME-backed data, deep liquidity, and profit splits up to 100%. With no recurring fees after funding and a structured payout model, we ranked this futures firm above Tradeify for transparent pricing and a reliable funding option.

FXIFY Futures offers funded futures trading accounts for traders looking to access capital without the limitations of traditional evaluations. The firm provides two challenge types (Starter and Expert) each with its own funding conditions, drawdown rules, and withdrawal structures.

The Starter Plan is ideal for traders who prefer lower upfront costs with a structured risk model, while the Expert Plan is suited for more experienced traders who want faster payouts and higher profit splits.

With clear evaluation rules, competitive pricing, and a strong broker partnership, FXIFY Futures stands out as a top choice for traders focusing on futures markets.

Broker Partnership

FXIFY Futures is backed by FXIFY, a proprietary trading firm operating under FXPIG, a VFSC-regulated forex and futures broker. While FXIFY Futures itself is not directly regulated, its association with FXPIG ensures access to institutional-grade trading conditions, including deep liquidity and low-cost execution.

The firm offers CME-backed futures trading, meaning all price data is sourced directly from regulated exchanges. This increases transparency and helps ensure fair market conditions for traders.

Challenges and Evaluation Process

FXIFY Futures offers two evaluation options, allowing traders to choose between a structured funding approach or a more aggressive scaling model. Both plans follow a one-step evaluation, with no time limits, ensuring traders can progress at their own pace.

1. Starter Plan: Better for beginner futures traders who want a low-cost evaluation with structured risk management and gradual growth, with an activation fee required before the first payout.
2. Expert Plan: Suits experienced traders who want higher profit splits, faster payouts, and no activation fees, with larger contract limits and a more aggressive funding approach.

Once traders meet the profit target while adhering to drawdown rules, they gain access to a live funded account with scaling profit splits up to 100%.

Futures Pricing and Commission Fees

FXIFY Futures offers competitive commission structures with transparent round-turn pricing. Fees vary based on contract type and market category, ensuring cost-efficient trading for all traders.

Futures Markets

FXIFY Futures provides access to a wide range of futures contracts across major asset classes. Leverage varies depending on the market, ensuring traders have sufficient margin flexibility while maintaining risk control.

• Forex Futures with 1:50 leverage
• Equities with 5:1 leverage
• Commodities with 10:1 leverage
• Interest Rate Futures with 5:1 leverage

Trading Platforms and Rules

FXIFY Futures operates exclusively on the FFX Platform, a proprietary web-based trading system designed for futures trading. The platform integrates TradingView-powered charting tools, providing real-time CME data, advanced order execution, and automated contract rollovers.

• Allowed Strategies: Day trading, swing trading, scalping (within drawdown limits), algorithmic trading (approved EAs only), and news trading (with risk management applied).
• Prohibited Strategies: Copy trading, high-frequency trading (HFT), arbitrage, latency exploits, and trading within 2% of CME price limits.

Payments and Payouts

FXIFY Futures offers bi-weekly profit withdrawals, with a tiered payout system that increases over time. Traders must meet the buffer zone requirement before requesting a withdrawal, ensuring account sustainability.

• Profit Splits: 80%–100%
• Payment Methods:Bank transfer, cryptocurrency
• Fee Refunds:Evaluation fees refunded after the first profit withdrawal

Customer Support and Education

FXIFY Futures provides customer support via live chat and email, with an active Discord community where traders can access payout proof, platform guidance, and trading discussions. While the futures prop firm does not offer structured educational courses, traders can find basic resources through the Help Center and community discussions.

Verdict on FXIFY Futures

FXIFY Futures is a leading prop firm for traders looking to trade futures with broker-backed security. With no time limits on evaluations, high profit splits, and a structured payout model, the firm provides long-term earning potential.

While the FFX Platform lacks support for NinjaTrader and Rithmic, the TradingView integration and real-time CME data make it a strong alternative for traders looking for cost-effective, reliable futures trading.

FXIFY offers flexible evaluation processes and instant funding options, catering to traders with different experience levels. With profit splits up to 90%, competitive fees, and customisable add-ons like bi-weekly payouts and higher leverage, it provides tailored solutions for quick funding or steady account growth.

FXIFY combines accessibility and choice with its range of challenges, instant funding accounts, and platform integrations. Account sizes range from $1,000 to $400,000, with profit splits reaching 90%.

Fees start as low as $39 for lower-tier accounts, providing an affordable entry point for traders. However, the firm’s educational resources and transparency in cost structures remain areas for improvement.

Broker Partnership

FXIFY operates in partnership with FXPIG, a VFSC-regulated broker known for tight spreads and fast execution. This collaboration allows FXIFY to provide institutional-grade trading conditions while ensuring traders have a reliable and secure trading environment.

Challenges and Evaluation Process

FXIFY offers five options to suit various trading styles, with four evaluation challenges and an instant funding account:

1. Instant Funding: Skip the evaluation process and start trading with live capital immediately.
2. Lightning Challenge: A rapid evaluation with a short timeframe and strict risk management requirements.
3. One Phase Challenge: A single-stage challenge with a straightforward profit target, designed for traders who want a faster route to funding.
4. Two Phase Challenge: A structured evaluation that tests profitability and consistency across two steps.
5. Three Phase Challenge: A gradual evaluation with multiple stages, suited for traders who prefer a methodical, lower-risk approach.

Optional add-ons for all accounts include bi-weekly payouts, increased leverage (up to 50:1 for forex and gold), and account protection for a more tailored experience.

Spreads and Commission Fees

FXIFY offers two pricing models:

• Raw Spreads: Starting at 0 pips with a $6 round-turn commission.
• All-In Spreads: Wider spreads with no commission fees.

Spreads on forex pairs like EUR/USD average 0–0.2 pips during peak trading hours. However, spread transparency is limited, with less data on off-peak performance. Swap-free accounts are not yet available.

Financial Markets and Leverage

FXIFY provides access to 101 instruments across forex, commodities, indices, stocks, and cryptocurrencies.

• Forex Pairs: 42 pairs with leverage up to 30:1 (50:1 with an add-on).
• Indices: 13 global indices with leverage up to 10:1.
• Commodities: Includes gold, silver, and crude oil, leveraging up to 10:1.
• Stocks: 30 equities (available on MT5 only) with leverage capped at 2:1.
• Cryptocurrencies: Popular assets like BTC/USD and ETH/USD with 2:1 leverage.

The leverage add-on increases forex and gold leverage to 50:1 for an additional 25% fee.

Trading Platforms and Rules

FXIFY supports three platforms with different strengths:

• MT4: Best for automated trading using Expert Advisors.
• MT5: Multi-asset support and advanced analysis tools.
• DXTrade + TradingView: Combines a customisable interface with industry-leading charting features.

In terms of trading rules, FXIFY enforce generally rather flexible trading rules:

• Allowed Strategies: Hedging, algorithmic trading, and personal copy trading.
• Prohibited Strategies: Arbitrage and HFT.

Payments and Payouts

Payouts are available monthly by default, with an add-on for bi-weekly withdrawals. Instant funding accounts require a minimum $50 withdrawal.

• Profit Splits: 80%–90%
• Payment Methods: Crypto, credit/debit cards, bank transfers.
• Fee Refunds: Challenge fees refunded after the first profit withdrawal.

Customer Support and Education

FXIFY offers basic customer support via live chat and email. However, responsiveness is inconsistent, particularly during high-traffic periods.

Educational resources are limited, focusing mainly on FAQs and community support through Discord, which hosts tens of thousands of members.

Verdict on FXIFY

FXIFY provides a range of flexible options for traders looking to access capital, but the lack of cost transparency and limited educational tools may deter some. Its partnership with FXPIG ensures reliable trading conditions, and the active trading community is a strong bonus for collaborative traders.

OANDA Prop Trader is a popular option for beginner traders, offering challenges from just $35 and account sizes up to $500,000. Its reputation as a globally trusted forex broker adds confidence to its prop trading service, while the MT5 platform and flexible profit splits of 80% to 90% make it a reliable prop firm for new traders.

OANDA Prop Trader scored 90/100 during testing thanks to its two-phase evaluation challenges starting from $35, with account sizes ranging from $5,000 to $500,000 and profit splits of 80% to 90%.

Leveraging OANDA’s reputation as a trusted forex broker, the prop trading service provides a reliable and transparent way for traders to access funded accounts, making it an excellent choice for beginners and experienced traders alike.

Broker Partnership

OANDA Prop Trader benefits from OANDA’s established global reputation in the financial industry. While the prop trading arm operates separately from OANDA’s regulated brokerage services, it reflects the brand’s strong emphasis on transparency and reliability.

OANDA is regulated by ASIC, the FCA, and other tier-one financial authorities, but it’s important to note that the prop trading service itself is unregulated.

Challenges and Evaluation Process

OANDA offers two types of challenges tailored to different trader profiles:

• Classic Challenge: Designed for those new to prop trading or with moderate experience, this challenge offers account sizes between $5,000 and $500,000, with profit splits fixed at 80%. It has lower fees, a trailing drawdown, and a structured two-phase evaluation process.
• Boost Challenge: Suited to more experienced traders wanting static drawdowns, this challenge features higher profit splits ranging from 80% to 90%. Account sizes range from $25,000 to $100,000, with slightly higher fees.

Successful traders earn refunds of their challenge fees upon receiving their first profit share payout.

Spreads and Commission Fees

OANDA Prop Trader uses an all-in spread pricing model, embedding trading costs directly into the spread with no additional commission fees. Spreads on major forex pairs, such as EUR/USD, start at an average of 1.1 pips, while pairs like USD/JPY and GBP/USD have slightly wider spreads of 1.4 and 1.6 pips, respectively.

Financial Markets and Leverage

OANDA offers a focused range of 56 trading instruments across forex, indices, and commodities.

Leverage for forex trading is available at 100:1, providing traders with the opportunity to maximise their exposure while maintaining controlled risk. Indices and commodities are capped at 50:1 leverage, catering to traders seeking to diversify their strategies.

While the asset range lacks cryptocurrency options, OANDA’s offerings suit those focused on traditional financial markets.

Trading Platforms and Rules

OANDA Prop Trader exclusively uses MetaTrader 5 (MT5), accessible via desktop, web, and mobile applications. MT5 provides a comprehensive trading experience with advanced charting tools, 21 timeframes, and automated trading capabilities through Expert Advisors (EAs). The platform also includes Depth of Market (DOM) functionality and supports multi-currency backtesting, making it ideal for traders who prioritise analysis and strategy optimisation.

Trading rules at OANDA are clearly defined to enforce disciplined trading. News trading is restricted within two minutes of major announcements, and accounts are deactivated after 20 consecutive days of inactivity. Stop-loss orders and position closures on Fridays are not mandatory, offering flexibility to traders with longer-term strategies.

Payments and Payouts

OANDA Prop Trader provides flexible payment options for challenge fees, including credit cards, Apple Pay, Google Pay, and cryptocurrency. Fees start as low as $35 for Classic Challenges and $249 for Boost Challenges. Profit payouts occur every 14 days, with profit splits of 80% for Classic accounts and up to 90% for Boost accounts.

The minimum withdrawal amount is $200, which may be restrictive for traders seeking to withdraw smaller amounts. All payouts are routed through OANDA Global Markets accounts, which allow transfers to external payment methods such as bank wire, Neteller, or Skrill, or reinvestment into OANDA brokerage accounts. Successful traders also receive refunds of their challenge fees with their first profit share payout.

Customer Support and Education

OANDA Prop Trader’s customer support is available via email and live chat, though the chat service is not consistently available and lacks 24/7 coverage. Email support remains a dependable option for resolving detailed queries.

OANDA Labs provides educational tools designed to enhance trading knowledge. These include platform tutorials, market analysis tools, and strategy guides. While the resources are practical and well-organised, they mainly cater to beginner traders with little prop experience.

Verdict on OANDA Prop Trader

OANDA Prop Trader stands out as a reliable choice for traders seeking structured challenges backed by a reputable forex broker. Although spreads are slightly higher compared to competitors and the platform selection is limited to MT5, OANDA’s dependable reputation make it an appealing option for beginner prop traders.

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FundedNext Futures is the only broker-backed prop firm offering a true 100% profit split after funding, giving it a score of 83/100 overall. With a one-step challenge and no time limits, traders can progress at their own pace. It uses real CME exchange pricing and supports popular futures platforms like NinjaTrader and Tradovate. The fast 5-day payout cycle and $0 minimum withdrawal requirement make it ideal for futures traders looking for quick, high-payout funding with transparent pricing.

FundedNext Futures is a dedicated futures prop firm that offers simple, fair rules and real exchange pricing through CME. Backed by FNMarkets (the same broker used by FundedNext), it delivers reliable execution and institutional-grade liquidity for futures contracts.

Unlike many firms with complex evaluations or recurring fees, FundedNext Futures has a straightforward one-step process. You pass the evaluation by hitting a fixed profit target under defined drawdown rules, no daily targets, no minimum days, and no time limit.

Broker Partnership

FundedNext Futures is powered by FNMarkets, FundedNext’s own brokerage launched in 2025. FNMarkets is not a third-party broker but an in-house platform, giving FundedNext full control over execution, fees, and risk management.

The futures offering is built on top of CME data with real market pricing, giving you the transparency of trading on a regulated exchange. While FNMarkets is not a traditional futures broker, it provides access to Tradovate and NinjaTrader, platforms well-known in the US for professional futures trading.

Challenges and Evaluation Process

FundedNext Futures uses a simple one-step evaluation. There are no time limits, no minimum trading days, and no multi-phase rules. You just need to hit your profit target without breaching the fixed drawdown. The minimum fee is $149, and all accounts use a static drawdown, which stays locked to your starting balance.

Once you pass, your funded account starts with the same rules. The only key difference is that your first withdrawal resets your drawdown to your new balance, so it’s smart to leave a buffer if you want room for future trades.

You can trade at your own pace, use mini or micro contracts, and scale up your position size naturally based on CME margin requirements. There’s no pressure from time limits or minimum activity, the evaluation rewards steady, consistent futures trading.

Spreads and Commission Fees

FundedNext Futures uses real CME pricing with no markup. Commissions depend on the platform and contract traded:

• E-mini S&P 500 (ES): ~$2.40 per round-turn
• Micro E-minis (MES, MNQ): ~$1.00 round-turn
• Gold (GC), Crude Oil (CL): ~$3.00 – $3.50

There are no recurring monthly fees. The challenge fee is one-time, and traders get the full 100% profit split after passing.

Financial Markets and Leverage

FundedNext Futures supports all CME futures markets through NinjaTrader and Tradovate. This includes:

• Equity Indices (ES, NQ, YM)
• Micro Futures (MES, MNQ, M2K)
• Commodities (Gold, Oil, Natural Gas)
• Bonds and Interest Rate Futures
• Foreign Exchange Futures

Futures contracts are naturally leveraged, so you control large positions with smaller capital. Position sizing follows CME margin requirements, and FundedNext enforces standard contract limits per account size (e.g. 5 contracts on $50K).

Trading Platforms and Rules

You can trade with either of the following:

1. NinjaTrader: Best for algorithmic or technically-focused discretionary traders, offering advanced tools, strategy building, and backtesting.
2. Tradovate: A browser-based platform with a clean, beginner-friendly interface and fast mobile access. Great for chart-based or DOM execution.

Both platforms support full CME depth-of-market (DOM) data, real-time pricing, and robust charting features. While FundedNext Futures doesn’t provide EAs or automation tools directly, you can use NinjaTrader to build custom indicators or automated strategies.

As for trading rules, the firm allows most common styles, including discretionary setups, scalping, swing trading, and news-based entries. However, strict limits are in place to prevent unrealistic or exploitative tactics. High-frequency trading (HFT), arbitrage strategies, and trades placed during CME limit-up or limit-down moments are all prohibited.

Payments and Payouts

You get a 100% profit split from day one after funding. The minimum withdrawal is $0, and payments are processed within 5 business days via:

• Deel
• Crypto (BTC, USDT)
• Wire transfer

The first withdrawal resets the trailing drawdown to your new balance. Challenge fees are refunded with your first payout.

Customer Support and Education

FundedNext Futures offers support via live chat and email. There’s no formal education hub yet, but the Discord community has over 200,000 members and includes payout proof, challenge tips, and platform help.

Verdict on FundedNext Futures

FundedNext Futures is a standout for futures traders looking for a no-BS prop firm with 100% payouts, fast withdrawals, and real CME pricing. It removes a lot of the friction typical of traditional futures prop firms. While it lacks structured education and has some rules around drawdowns, it’s one of the best options for futures traders in 2025.

ThinkCapital is a top broker backed prop trading firm with bi-weekly payout options and account sizes up to $200,000. The firm offers three evaluation challenges tailored to different trading styles: Lightning, Dual Step, and Nexus. With profit splits reaching up to 90% and platform choices including MT5 and ThinkTrader integrated with TradingView, ThinkCapital provides traders with flexibility, advanced tools, and structured growth opportunities.

ThinkCapital is a good option for prop traders looking for a mix of flexibility, structured evaluations, and reliable payouts.  With three challenge types tailored to different trading styles, up to 90% profit splits, and add-ons like weekly payouts or automated trading, ThinkCapital is a solid allrounder prop firm.

Broker Partnership

ThinkCapital is backed by ThinkMarkets, a regulated broker with global oversight. ThinkMarkets holds licenses from ASIC and the FCA, adding credibility to the firm’s offerings. This partnership enables ThinkCapital to offer low spreads, reliable execution, and a secure trading environment, giving traders confidence in their funded accounts.

Challenges and Evaluation Process

ThinkCapital offers three distinct challenges, catering to different trading styles and experience levels:

1. Lightning Challenge – A one-step evaluation with a 10% profit target and 1:30 leverage. This challenge is ideal for beginners or those seeking quick funding without complexity. Fees start at $59, and accounts range from $5,000 to $200,000.
2. Dual Step Challenge – This two-step evaluation requires 8% profit in Phase 1 and 5% in Phase 2, with 1:100 leverage. It suits traders who prefer a balance between structured evaluations and higher leverage. Fees also start at $59, with account sizes up to $200,000.
3. Nexus Challenge – Designed for advanced traders, this three-step evaluation focuses on consistency with an 18% total profit target. The higher leverage of 1:100 and a lower starting fee of $39 make it appealing to experienced traders aiming for comprehensive growth.

Each challenge has daily and overall drawdown limits (3%-4% and 6%-8%), ensuring strict risk management. The option to add features like weekly payouts or automated trading enhances flexibility.

Spreads and Commission Fees

ThinkCapital provides two pricing models, depending on the platform. ThinkTrader offers commission-free trading across all markets but has wider spreads, with EUR/USD starting at 0.8 pips.

MT5, on the other hand, delivers tighter spreads but charges $4 per lot per side for forex and metals. Other asset classes on MT5, like indices and cryptocurrencies, are commission-free. This choice allows traders to match their strategies with the most cost-effective pricing model.

Financial Markets and Leverage

ThinkCapital offers a diverse range of financial instruments with leverage tailored to each challenge type:

• Forex: 62 pairs with leverage of 1:30 for Lightning and 1:100 for Dual Step and Nexus.
• Indices: 16 global indices with leverage up to 1:15.
• Commodities: Includes gold, silver, and oil with leverage up to 1:30.
• Cryptocurrencies: BTC/USD and ETH/USD with leverage of 1:2 (ThinkTrader) or 1:1 (MT5).

This range ensures opportunities for traders across asset classes, from forex and indices to crypto

Trading Platforms and Rules

ThinkCapital offers two platforms: MT5 and ThinkTrader with TradingView integration. MT5 is a powerful tool for traders focusing on advanced strategies and automated trading. ThinkTrader, paired with TradingView, provides a more intuitive experience for manual traders who rely on real-time charting.

Rules are straightforward but strict. News trading requires an add-on, and automated strategies are only allowed on MT5 with the relevant add-on. Inactivity for more than 30 days leads to account closure, ensuring active participation.

Payments and Payouts

Challenge fees are competitively priced, starting at $39, and can be paid via cryptocurrency or credit cards. Profits are distributed bi-weekly by default, but traders can opt for weekly payouts with an add-on for Dual Step and Nexus accounts. While profits are currently paid in cryptocurrency, the firm plans to add bank transfer options soon. There’s no minimum withdrawal amount, but profits must cover transaction fees.

Customer Support and Education

ThinkCapital provides live chat, email, and a contact form for support. The live chat is quick and reliable, while email is suitable for less urgent queries. The firm’s YouTube channel includes over 100 videos on trading strategies, risk management, and platform tutorials, offering resources for both beginners and advanced traders.

Verdict on ThinkCapital

ThinkCapital is a reliable choice for traders who value clear evaluation processes and dependable payouts. The partnership with ThinkMarkets ensures secure and transparent trading conditions, while the range of challenges and platform options make it versatile for different trading styles. The main drawbacks are the current reliance on cryptocurrency for payouts and a smaller trading community compared to competitors, but these are minor in the scheme of things.

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Hantec Trader is the 8th best broker-backed prop firm with a score of 75/100, ideal for experienced traders who want fast payouts and clean risk rules. The firm offers One Step, Two Step, and Instant Funding accounts with profit splits up to 90%. All accounts are backed by Hantec Markets, a respected FCA-regulated broker, adding transparency and reliability to every trade.

With no time limits, no minimum trading days, and no consistency rules, Hantec Trader puts control in your hands. Traders also benefit from flexible payout cycles, including 7-day withdrawals on Instant Funding accounts.

Hantec Trader is a mid-tier broker-backed prop firm that offers a clear challenge structure, instant funding options, and fast profit payouts. Backed by FCA-regulated broker Hantec Markets, it provides traders with a secure trading environment, transparent pricing, and flexible account setups. While it doesn’t offer the largest asset range or educational tools, it scores well for rule clarity, reliability, and speed of access to capital.

With profit splits ranging from 75% to 90% and account sizes up to $200,000, Hantec Trader appeals to confident traders looking for quick capital access, flexible payout timing, and low-barrier evaluations. Three challenge types and no time limits make it one of the most flexible evaluation models among broker-backed firms.

Broker Partnership

Hantec Trader is powered by Hantec Markets, a UK based forex broker regulated by the FCA. This backing ensures that traders operate in a secure, transparent environment with live pricing and fast execution. Unlike many prop firms that operate independently, Hantec Trader’s broker partnership adds regulatory oversight and market stability.

By leveraging Hantec Markets’ infrastructure, the firm can offer raw spreads, reliable platforms, and a fair funding process. For traders concerned about the risks of trading with non-broker-backed firms, this partnership provides reassurance and trust.

Challenges and Evaluation Process

Hantec Trader provides three funding models to suit different trading preferences:

• Express Challenge: A one-step evaluation with a 10% profit target, 5% daily drawdown, and 6% max loss. Trailing-to-static drawdown activates at 6% profit, helping protect gains. Ideal for traders who want quick access to funding with no trade minimums.
• Enhanced Challenge: A two-step evaluation with a 10% profit target in Phase 1 and 5% in Phase 2. It features static drawdown limits (5% daily, 10% total) and suits traders looking for a more structured process.
• Instant Funding: No evaluation required. Traders start with live capital immediately but face stricter rules, including 6% trailing drawdown and no scaling. Best for experienced traders who want to bypass the challenge.

All challenges have no time limits or minimum trading days. Profit splits start at 75% and can be upgraded to 90% with add-ons. Instant Funding accounts are not eligible for scaling or EA use but offer weekly payouts with an upgrade.

Spreads and Commission Fees

Hantec Trader uses a raw spread + commission model. Spreads mirror market pricing and commissions vary by asset:

• Forex & Metals: $5 per round-turn lot
• Commodities: $1 per lot
• Indices & Crypto: $0 commission

There are no platform or data feed fees. While average spread data isn’t published, the flat-rate commission system ensures costs remain predictable. The absence of transparent spread benchmarks limits direct cost comparisons to competitors.

Financial Markets and Leverage

Hantec Trader offers a focused set of tradable assets:

• 40 Forex pairs (50:1 leverage)
• 8 Metals (20:1 leverage)
• 11 Indices (15:1 leverage)
• 2 Commodities (15:1 leverage)
• 14 Cryptocurrencies (1:1 leverage)

There is no access to stocks or futures. Leverage is fixed and consistent across account types. This simplified setup will appeal to traders focused on traditional markets, but the 1:1 leverage cap on crypto is a limitation for traders seeking higher risk/reward exposure.

Trading Platforms and Rules

Hantec Trader supports both MetaTrader 4 and MetaTrader 5, available on desktop, mobile, and web. Traders can choose their platform when starting a challenge, but switching later is not allowed. Both platforms come with real-time pricing and no additional fees.

Trading rules vary slightly by account:

• One Step and Two Step: Allow EAs, copy trading (personal), news trading, and weekend holds.
• Instant Funding: No EAs or copy trading. News trading is restricted within 3 minutes of high-impact releases. No weekend holds allowed.

There are no minimum trading days, consistency rules, or forced stop losses. Traders are expected to avoid over-leveraging and must remain active – accounts inactive for 30+ days are closed.

Payments and Payouts

Hantec Trader uses a one-time fee model for all accounts. No recurring charges or platform fees apply.

• Profit Splits: 75%–90%
• Standard Payout: Every 30 days
• Faster Payouts: 14-day (bi-weekly) or 7-day (weekly) with add-ons
• Methods: Bank transfer, PayPal, crypto
• No minimum withdrawal amount

Withdrawals are processed in 1–2 business days. A buffer rule is applied to all funded accounts, locking new drawdown limits based on the remaining balance after payout.

Customer Support and Education

Customer support is available 24/5 through email, live chat, and Discord. Our tests showed fast and helpful responses, especially for account-related queries. The firm’s Discord group has 3,500+ members and includes regular updates, community support, and payout proof posts.

Educational resources are minimal. Aside from an FAQ section, there are no tutorials, webinars, or trading guides. This setup is best suited to experienced traders who don’t need structured training.

Verdict on Hantec Trader

Hantec Trader is a solid broker-backed prop firm with fast payouts, flexible evaluation types, and clear rules. While it doesn’t match top-tier firms for market variety or education, it stands out for its clean setup and FCA-regulated backing through Hantec Markets.

For traders who want quick access to capital, no-nonsense challenges, and a verified payout track record, Hantec Trader is a dependable mid-tier choice.